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SFRCX RidgeWorth Seix Floating Rate Hi Inc C

  • Fund
  • SFRCX
  • Price as of: Aug 08, 2016
  • $8.61
  • + $0.01
  • + 0.12%
  • Category
  • Bank Loan

SFRCX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $4.27 B
  • Holdings in Top 10 18.3%

52 WEEK LOW AND HIGH

$8.61
$8.03
$8.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.82%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name RidgeWorth Seix Floating Rate High Income Fund
  • Fund Family Name RidgeWorth
  • Inception Date Aug 02, 2007
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Vincent Flanagan

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of first- and second-lien senior floating rate loans and other floating rate debt securities. It may invest up to 20% of its total assets in senior loans made to non-U.S. borrowers provided that no more than 5% of the portfolio's loans are non-U.S. dollar denominated. The fund may also engage in certain hedging transactions.

SFRCX - Performance

Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -4.2% 5.4% 7.14% 1
1 Yr 1.5% -4.3% 4.1% 67.30% 4
3 Yr 2.0% * -0.7% 5.6% 64.36% 4
5 Yr 3.1% * 0.7% 5.6% 72.05% 4
10 Yr 3.3% * 0.0% 6.0% 58.62% 3

* Annualized


Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.6% -12.2% 2.7% 43.54% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -4.2% 5.4% 7.14% 1
1 Yr 0.5% -8.1% 4.1% 59.72% 3
3 Yr 2.0% * -0.8% 5.6% 49.47% 3
5 Yr 3.1% * 0.7% 5.6% 62.11% 4
10 Yr 3.3% * 0.0% 6.0% 49.43% 3

* Annualized


Total Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.6% -12.2% 2.7% 43.54% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

SFRCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Net Assets 4.27 B 15.8 M 11.8 B 3.32% 1
Number of Holdings 361 49 1079 10.90% 3
Net Assets in Top 10 780 M -331 M 1.42 B 1.90% 1
Weighting of Top 10 18.3% 6.6% 224.2% 3.32% 1

Top 10 Holdings

  1. Ssc Government Mm Gvmxx 3.29%
  2. Avago Technologies Cayman Ltd. 2016 Usd Term Loan B1 2.23%
  3. Hilton Worldwide Fin Llc Term Loan 2.05%
  4. Level 3 Financing Inc 2020 Term Loan B 2.02%
  5. Fortescue Metals Group Ltd New Term Loans 1.97%
  6. Clear Channel Communications Term Loan E 1.47%
  7. Energy Transfer Equity L P Term Loan 1.43%
  8. Ineos Us Fin Llc Extended Trm Loan 1.35%
  9. First Data Corp 2021 Extended Dollar Term Loan 1.34%
  10. Clarke Amern Corp Tranche B 3 Term Loan 1.18%

Asset Allocation

Weighting Category Low Category High SFRCX % Rank Quintile
Bonds
96.50% 5.65% 100.19% 4.27% 1
Other
1.80% -1.32% 10.05% 9.95% 2
Cash
1.55% -0.76% 87.26% 23.70% 5
Stocks
0.09% -0.06% 7.11% 9.48% 3
Preferred Stocks
0.05% 0.00% 0.70% 3.79% 1
Convertible Bonds
0.00% 0.00% 1.38% 4.27% 2

Stock Sector Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
Communication Services
0.04% 0.00% 0.12% 1.27% 1
Financial Services
0.00% -0.01% 0.00% 0.64% 1
Real Estate
0.00% 0.00% 0.61% 1.27% 1
Industrials
0.00% -0.01% 0.02% 1.27% 1
Healthcare
0.00% -0.01% 0.08% 1.27% 1
Technology
0.00% -0.01% 0.00% 0.64% 1
Energy
0.00% 0.00% 1.33% 3.82% 1
Utilities
0.00% 0.00% 0.15% 1.91% 1
Consumer Defense
0.00% -0.01% 0.26% 3.82% 1
Consumer Cyclical
0.00% -0.01% 1.05% 8.92% 3
Basic Materials
0.00% 0.00% 0.85% 6.37% 2

Stock Geographic Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
Non US
0.07% 0.00% 0.22% 1.90% 1
US
0.02% -0.06% 7.11% 10.90% 3

Bond Sector Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
Corporate
93.17% 0.00% 99.67% 4.27% 1
Government
3.38% -115.02% 9.57% 1.42% 1
Cash & Equivalents
1.55% -0.76% 164.55% 22.27% 5
Securitized
0.01% 0.00% 23.73% 14.22% 3
Municipal
0.00% 0.00% 1.96% 1.42% 1
Derivative
0.00% -33.31% 3.34% 2.84% 1

Bond Geographic Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
US
94.29% -54.19% 94.29% 0.47% 1
Non US
2.21% 0.00% 84.96% 25.12% 5

SFRCX - Expenses

Operational Fees

SFRCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.51% 0.56% 3.17% 14.22% 4
Management Fee 0.41% 0.15% 1.02% 10.90% 1
12b-1 Fee 1.00% 0.00% 1.00% 0.66% 4
Administrative Fee 0.01% 0.01% 0.40% 14.41% 1

Sales Fees

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Front Load N/A 0.75% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 9.09% 1

Trading Fees

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Turnover 33.00% 5.00% 196.00% 15.64% 2

SFRCX - Distributions

Dividend Yield Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Dividend Yield 0.3% 0.14% 1.25% 47.37% 4

Dividend Distribution Analysis

SFRCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Net Income Ratio 3.82% 1.33% 5.69% 39.34% 4

Capital Gain Distribution Analysis

SFRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

SFRCX - Managers

Vincent Flanagan

Manager

Start Date

Aug 01, 2011

Tenure

5.0

Tenure Rank

7.3%

Mr. Vincent Flanagan currently serves as Vice President and Portfolio Manager of Seix and as Senior High Yield Analyst of Seix since 2006. Prior to joining Seix, Mr. Flanagan was the Director of Research for Assurant Inc.


George Goudelias

Manager

Start Date

Mar 01, 2006

Tenure

10.42

Tenure Rank

2.4%

George is a senior member of the high yield division and leads the firm’s bank loan group. He serves as a senior portfolio manager on the Bank Loan Management Strategy and senior research analyst covering cable and telecommunications. Since the 2005 inception, George has led the bank loan group and also oversees the firm’s collateralized loan obligation platform. George has extensive experience covering the telecommunications and cable industries and is well known on both the sell side and buy side of the business. Prior to joining Seix he was a senior high yield research analyst at J.P. Morgan Securities and was a member of Institutional Investor’s 2nd highest ranked high yield team. George received both a B.S. degree in Finance and Accounting and an M.B.A. degree in Finance from New York University.


Tenure Analysis

Category Low

0.1

Category High

19.9

Category Average

5.69

Category Mode

1.6